Seeking Alpha, Inc. (AMZN)

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  • Jun. 28, 2013, 5:34 PM
    It looks like Amazon (AMZN) wants to be an art dealer: The Art Newspaper reports the e-commerce giant is looking to "offer over 1,000 art objects from at least 125 galleries" on its site later this year, and that 109 galleries have signed up to support its efforts. Amazon reps have told dealers its site, which would take a 5%-15% commission on sales (startup Artspace charges 10%-20%), will resemble Amazon Wine, which launched last November.
  • Jun. 27, 2013, 2:55 PM
    "We believe deceleration in Amazon’s North America Media revenue segment is increasingly likely for 2Q13," says Barclays in a note helping Amazon (AMZN -0.8%) shares fall on an up day. The firm's remarks come a couple days after Barnes & Noble delivered ugly April quarter numbers and FY14 guidance (though share losses to Amazon were almost certainly a culprit). Lifted by e-book sales, Amazon's North American Media sales rose 14% Y/Y in Q1 to $2.5B, and made up 16% of revenue. International media sales rose only 1%.
  • Jun. 27, 2013, 2:41 PM
    More Microsoft (MSFT +0.7%) news on day 2 of BUILD: 1) Microsoft is giving Windows Azure clients the ability to automatically scale capacity. This follows the arrival of per-minute billing to Azure, which is said to be adding 1K+ customers/day. Top rival Amazon Web Services (AMZN) already supports auto scaling, but bills by the hour. 2) Microsoft says 8.5T objects are now stored on Azure, up from 4T a year ago; that Skype now has 299M active users (up from 177M in early '11); and that Xbox Live and the Office Web apps each have nearly 50M users. 3) IE11 is being previewed; it offers a slew of touch optimizations and better performance. StatCounter's figures indicate IE is still losing share to Chrome. 4) Skype is built into Windows 8.1, replacing the Messenger app. (previous)
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  • Jun. 26, 2013, 9:15 AM
    Amazon (AMZN) expands an agreement with PBS that will give Amazon Prime members access to PBS shows for several more years. In a wave of content deals, this one stands out with PBS' well-known arsenal of children's programming boosting Amazon's appeal to families and with the streaming service becoming the exclusive streaming destination of popular show Downton Abbey.
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  • Jun. 25, 2013, 6:46 PM
    In spite of Amazon Prime's (AMZN) content-licensing binge, Netflix (NFLX) still offers a much wider selection of the most popular TV shows, says Piper. The firm estimates Netflix offers 33% of the top 75 TV shows from the last 4 years, and Amazon just 7%. Hulu Plus offers an even larger portion (44%), but they come with ads. The gap isn't so great for recent movies: Piper estimates Netflix offers 14% of the top 50 movies from the last 3 years, and Amazon 11%. Movie-only Redbox Instant (CSTR, VZ) is said to offer 10%, and Hulu Plus none of them. (NPD market share data)
  • Jun. 25, 2013, 2:00 PM
    Barnes & Noble (BKS -20.3%) is exiting the tablet market and will focus its hardware efforts on e-readers, the book retailer announces in tandem with its bleak FQ4 results and FY14 guidance. With B&N's tablet share having cratered and the Nook division reporting $133M in inventory charges for FQ4, the decision isn't hard to fathom. B&N says it will "continue to offer its existing inventory" of Nook tablets through the holiday season, and will seek out partners to make B&N-branded tablets. Amazon (AMZN) must be pleased, given the overlap between the Nook HD and Kindle Fire's targeted customers, and the fact B&N remains a top e-book competitor.
  • Jun. 21, 2013, 9:27 AM
    The French government is at it again: two months after thwarting Yahoo's attempt to acquire video site Dailymotion, the Hollande administration plans to introduce a law banning Amazon (AMZN) from simultaneously offering discounts and free delivery on book sales in the country, arguing it amounts to unfair competition for local booksellers. Like other European countries, France already prohibits booksellers from discounting a title by more than 5% from its list price.
  • Jun. 20, 2013, 6:27 PM
    Microsoft (MSFT) has apparently been dreaming big lately. A day after the WSJ reported the software giant held M&A talks with Nokia, it reports Microsoft recently explored creating an e-commerce marketplace that would challenge eBay (EBAY) and Amazon (AMZN). A Microsoft spokeswoman admits the existence of an e-commerce initiative, codenamed Brazil, but adds the company has tabled its plans. Sources claim Microsoft was actually thinking of "subsidizing the price of goods" on its marketplace via ad dollars, presumably to deal with the chicken-and-egg problem any such service would have.
  • Jun. 19, 2013, 1:15 PM
    While Amazon plots a big expansion of its U.S. grocery delivery business, eBay's (EBAY) Indian site has begun selling food/grocery items through a section called eBay Daily. 1,600 products, generally packaged goods, are available for sale. eBay's move comes a couple months after it led a $50M funding round for local e-commerce marketplace Snapdeal, and a year after it announced plans to invest heavily in the Indian market, where e-commerce penetration is still low and Amazon (AMZN), which just launched an Indian marketplace site, has been slowed by foreign investment rules.
  • Jun. 18, 2013, 10:49 AM
    Amazon (AMZN +1.2%) tries to profit from the growing use of Facebook (FB +2.8%) as a "social gifting" platform by launching Amazon Birthday Gift, a solution that allows Facebook users to send a friend Amazon credit for his/her birthday, and then lets other friends to add to the pot. The product is separate from Facebook's Gifts platform. Also: 1) Leveraging existing content deals, Amazon is adding videos and games from Disney, Viacom, Warner Bros., and Electronic Arts to its Kindle Freetime kids' platform. The move comes shortly after a major deal was reached with Viacom for kids' shows. 2) AdAge reports Facebook's video ads will be delayed until fall. The magazine reported in April Facebook plans to charge up to $1M per daily ad slot.
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  • Jun. 17, 2013, 5:57 PM
    U.S. online retail sales rose 14.6% Y/Y in May, says comScore. That sits well with Cantor, which is reiterating a Buy on Amazon (AMZN) and eBay (EBAY). Though May's rate is down from April 16.9%, it's above Q1 13.3%. Mobile activity is providing a lift - comScore estimates mobile made up 48% of time spent on U.S. retail e-commerce activity in Q1 (34% from smartphones, 14% from tablets). Meanwhile, eBay CEO John Donahoe predicts China will give PayPal a license, thus allowing it to take on Alibaba's dominant AliPay service. eBay currently handles $6B/year worth of Chinese transactions, much of it from local merchants selling abroad. Analysys predicts the Chinese online payments market will soon top CNY1T ($163B).
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  • Jun. 17, 2013, 8:09 AM
    Amazon (AMZN) adds Disney Pixar titles to its LoveFilm streaming service in the U.K. Current subscribers will have access to the children's hits from the studio at no extra cost. (Related: Netflix and DreamWorks Animation strike a deal for an original kids series)
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  • Jun. 14, 2013, 4:09 PM
    Florida is set to be the latest state to receive Amazon (AMZN -0.6%) distribution centers ... and with them, sales tax payments. In a deal with the state government, Jeff Bezos & Co. promise to invest $300M in the Sunshine State by 2016 to build several warehouses, and create up to 3K jobs along the way. No word on when sales tax collections will start. While Congress mulls an online sales tax bill, Amazon has already begun collecting in states containing ~1/3 of the U.S. population, and is due to begin collecting from others in 2013 (New Jersey, Virginia) and 2014 (Nevada, Indiana).
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  • Jun. 13, 2013, 2:37 PM
    Apple (AAPL +0.4%) roundup: 1) Suppliers are shipping a "large number" of parts for a cheaper iPhone, says Taiwan's Commercial Times. A 28nm app processor made by TSMC (TSM) is said to be among them. 2) iBookstore chief Keith Moerer says Apple's e-book sales doubled last year, and thinks its e-book share is at ~20%. John Paczkowski notes Amazon (AMZN) and Barnes & Noble (BKS) have been assigned shares of 65% and 25% in the past. 3) The minimum purchase needed for an iAd campaign is now only $50. It once stood at $1M. 4) Reuters' report about Apple mulling a $99 price for its low-cost iPhone is raising eyebrows, given the cheapest iPhone now goes for $450 unsubsidized. Was a subsidized price being discussed?
  • Jun. 13, 2013, 7:10 AM
    Amazon (AMZN) launches a dedicated portion of its website to 3-D printers in a move that could help the burgeoning technology (DDD, SSYS, XONE) hit the mainstream. The company lists 3-D printers and accessories from major brands in the section.
  • Jun. 11, 2013, 9:21 AM
    Amazon (AMZN) -1.9% and eBay (EBAY) -2%, following markets lower, after ChannelAdvisor reports same-store-sales growth declines for clients relying on the companies in May. Amazon's growth rate fell to 25.8% (its lowest over the last 12 months) from 30.6% in April, and eBay's fell to 16% from 20.5% (auctions -18%, fixed-price +16%, Motors +30%). The numbers also aren't great for Google (GOOG), which is seeing rising e-commerce ad competition and has been tweaking its strategy: sales from search ads -0.8%, and comparison shopping (e.g. Google Shopping) +0.3%. comScore puts total U.S. e-commerce growth in the 14%-15% range.
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Company Description Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offerselectronic devices like Kindle e-readers and Fire tablets.
Sector: Technology
Country: United States